8th grade math

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Find the interest earned on each account.

$970 at 4 1/2% simple interest for 2 years.

I don't know if I solved the problem correct please help:

I = p x r x t
= 970 x 0.42 x 2
= 814.8

I don't know what number to convert 1/4 to!

  • 8th grade math -

    I = PRT

    I = 970 * 0.045 * 2

    I = ?

  • 8th grade math -

    The answer is $82.45 right?

  • 8th grade math -

    You're close, but that's not the answer I got.

  • 8th grade math -

    hmmmm ok thanks!

  • 8th grade math -

    Oh my gosh its getting sooooo annoying sorry Ms. Sue! I keep forgetting my sister's name is still on here (we share a computer)

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